Top List of Banks in Turkey
Banking is a lucrative industry and an important part of the global economy. A bank is a financial institution that offers its clients access to different financial services, such as lending and borrowing money. They also help individuals manage their money in various ways. This can include savings, investments, insurance, and mortgages. Turkish banks are no exception to this rule. However, some banks stand out from the rest. Our list of top banks in Turkey will help you decide which bank to choose for your personal banking needs.
Ziraat Bank
Ziraat Bank, founded in 1863 as a branch office of the Ottoman Public Debt Administration, is the largest bank in Turkey. It employs 24,647 people and has total assets of ₺537.156 billion. The bank has 1800 branches in Turkey and more than 90 international branches in 18 countries.
Ziraat Bank offers a full range of services to retail customers and businesses. Its commercial banking division also provides agricultural financing. In addition to traditional banking services, Ziraat Bank offers insurance products through its subsidiary Ziraat Sigorta. Other subsidiaries include Ziraat Investment and Ziraat Factoring.
Isbank
Isbank is the largest deposit bank in Turkey. Isbank is in the first place in the ranking by total assets. As of 2018, Isbank has a network of 1,249 domestic branches. It employs more than 24,053 people. There are more than 16 million customers of the bank.
Total Assets: TL 468.1 billion (2019)
The bank specializes in retail and corporate banking services. Isbank offers home purchase and construction loans, mortgages, auto loans, consumer and housing credits, cards, investment products, pension plans, etc.
Garanti Bank
Garanti Bank is Turkey's second-largest private bank. We offer a broad range of financial services to wholesale and retail clients. Our product portfolio comprises loans, deposits, and electronic banking products, as well as a broad variety of services and solutions tailored to meet our customers' needs.
As of December 31, 2020, Garanti Bank had total assets of TL 240.8 billion and 18,636 employees. The Bank serves more than 11 million customers through an extensive 863 domestic branches, 7 foreign branches in Cyprus and one in Malta, one international representative office, and various alternative channels such as the internet, mobile banking, ATMs, POS terminals, and call center.
Garanti Bank is the leader in market share in the following business segments: credit cards, consumer loans, corporate loans, internet banking, mobile banking, and ATM transactions.
AKBank
Turkey's AKBank is a retail banking leader and offers services in cash management, corporate finance, investment banking, securities brokerage, foreign exchange, and asset management. It is the country's third-largest bank by total assets at US$ 5.033 billion; it has more than 716 branches throughout Turkey staffed by more than 12 thousand employees and serves more than 4.7 million customers. In addition to its main headquarters in Istanbul, AKBank maintains offices in Abu Dhabi, London, New York City, and Tokyo.
In addition to traditional banking offerings such as loans, it provides such services as credit cards (AKbank Card), mobile banking (mobilAKbank), Internet banking (AKbank Direkt), and insurance products for a healthy life, and car as well as wealth management services.
Yapi Kredi Bank
Yapi Kredi Bank is a Turkish bank founded in 1944. It has 835 branches and 16,631 employees. The bank offers the following products and services: consumer banking, corporate banking, finance, and insurance, investment banking, mortgage loans, private banking, private equity, wealth management. Yapi Kredi Bank is one of the leading financial institutions in Turkey, with over 6.6 million customers and assets totaling TL 780.8 billion (2021).
Denizbank
Denizbank, headquartered in Istanbul, Turkey, was founded in May 1997 and is a subsidiary of the Russian Sberbank. The bank has over 712 branches with more than 14,136 employees. Denizbank serves nearly 8 million customers both domestically and internationally.
Total Assets: AED 698 billion
The Bank offers a wide range of banking products and services to individuals and businesses. It provides commercial, retail, private, investment, and asset management products and services.
QNB Finansbank
QNB Finansbank is a leading Turkish financial services institution with an extensive network of branches and offices in Turkey and subsidiaries in the Netherlands, Germany, and Romania.
Currently, QNB Finansbank has over 444 branches and a total of ₺2.6 billion (2019). It also has more than 28,000 employees.
QNB Finansbank offers a wide range of products and services to corporate clients and individuals through its large distribution network, including retail banking, corporate banking, and private banking. The bank provides cash management, trade finance (import/export), foreign exchange sales/trading, investment advisory, and project finance to its corporate customers.
Vakifbank
Vakifbank was founded in 1954 as Turkey's first public bank and has continued to serve the public since its establishment. Vakifbank is one of the largest banks in Turkey, with total assets amounting to ₺729.0 billion by the end of 2021 and a market share of 5.4% in terms of total assets. The Bank operates through its 39 branches, 4,230 ATMs, and 624,702 units of POS that constitute its distribution channels as of June 30, 2021.
Vakifbank employs approximately 16,673 people and provides retail and corporate banking services to over 6 million customers.
Vakifbank offers a variety of financial products and services to individual customers, including home loans, auto loans, credit cards, mortgages, tailored loan packages for SMEs, business loans, and leasing services.
Halkbank
Halkbank is a Turkish state-owned banking institution headquartered in Ankara. Founded on 27 June 1938, it has been active in financial intermediation and banking services for 73 years. Halkbank serves over 57 million customers through approximately 1,006 branches, with total assets of ₺457.0 billion (2019). The bank has 15 regional directorates in major cities throughout Turkey. Additionally, the bank provides its banking services to its customers through subsidiaries operating in Kazakhstan and Ukraine.
Employees: 18,967
Halkbank provides a wide range of banking products and services, including retail banking, corporate banking, and treasury operations.
Türk Ekonomi Bankası
Türk Ekonomi Bankası, the Turkish Economic Bank, was founded in 1926 in Turkey. It was originally established to finance small-scale industries. It currently has about 140,05 bln TRY (2019) total assets and about 9,000 employees. Türk Ekonomi Bankası offers services such as corporate banking, retail banking, and private banking for personal customers and small and medium-sized enterprises.
Turkish Bank
Turkish Bank is a financial services company based in Turkey. Turkish Bank offers a wide range of services, including retail banking, wholesale banking, treasury, financial institutions, auto financing, leasing, and factoring.
As of December 31, 2020, Turkish Bank's total assets were USD 823 billion. Turkish Bank has over 189,507 employees worldwide.
FAQs
Q. What is the most popular bank in Turkey?
A. Türkiye Cumhuriyeti Ziraat Bankası, a state-owned bank, is the largest agricultural bank in Turkey and the biggest bank by way of assets. The bank was founded in 1863 under the name Ziraat Bankası (Agricultural Bank), and its shares were listed on Borsa Istanbul on July 11, 2005.
